REI Lense

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$4,418 (target)

6620 Fern St, Margate, FL 33063

3 beds • 2 baths • 1195 sqft

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This property might be a fair Mid-Term investment with a projected 0.58% first-year return on $106k initial cash invested.

0.58%

Cash On Cash

6.99%

Cap Rate

1.1

DSCR

$4,418

Rent

$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,418 income − $4,367 expenses = $51 cash flow

Income$4,418Mortgage P&I$2,20250%Property Taxes$47011%Insurance$1774%HOA$15Management$53012%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48611%Cash Flow$51

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,420

Closing costs

1%

$4,171

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,418

Total Expenses

$4,367

Mortgage P&I

50%

$2,202

Property Taxes

11%

$470

Home Insurance

4%

$177

HOA

0%

$15

Property Management

12%

$530

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$486

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